9 February, 2016 by The TZ Newswire Staff Comments Off on Yellen faces tough sell on Fed rate hikes in Congress
Yellen faces tough sell on Fed rate hikes in Congress
WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank’s first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is ready for higher rates, will point to continued strong jobs growth even as financial markets have all but priced out any rate hikes this year and as signs of stress in the global financial system have re-emerged amid volatile markets.
9 February, 2016 by The TZ Newswire Staff Comments Off on Yellen faces tough sell on Fed rate hikes in Congress
Yellen faces tough sell on Fed rate hikes in Congress
WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank’s first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is ready for higher rates, will point to continued strong jobs growth even as financial markets have all but priced out any rate hikes this year and as signs of stress in the global financial system have re-emerged amid volatile markets.
9 February, 2016 by The TZ Newswire Staff Comments Off on Rates markets, at odds with Fed, seek clarity from Yellen
Rates markets, at odds with Fed, seek clarity from Yellen
While Federal Reserve Chair Janet Yellen is the one tasked with delivering a message over the next two days when she speaks to Congress, financial markets are keen to know if she has absorbed their message to her: stifle your rate hike plans. In the 52 days since investors last heard from Yellen, when she held a press conference after overseeing the first U.S. interest rate hike in nearly a decade, markets have been roiled with volatility and increasing doubt about the health of the U.S. and global economies.
9 February, 2016 by The TZ Newswire Staff Comments Off on Rates markets, at odds with Fed, seek clarity from Yellen
Rates markets, at odds with Fed, seek clarity from Yellen
While Federal Reserve Chair Janet Yellen is the one tasked with delivering a message over the next two days when she speaks to Congress, financial markets are keen to know if she has absorbed their message to her: stifle your rate hike plans. In the 52 days since investors last heard from Yellen, when she held a press conference after overseeing the first U.S. interest rate hike in nearly a decade, markets have been roiled with volatility and increasing doubt about the health of the U.S. and global economies.
9 February, 2016 by The TZ Newswire Staff Comments Off on In cloud stock tumult, investors give valuations a reality check
In cloud stock tumult, investors give valuations a reality check
Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. The deep selloff, sparked last week after business analytics company Tableau Software Inc (DATA.N) gave a dismal sales outlook, has put a dent in earnings multiples of several marquee business technology names.
9 February, 2016 by The TZ Newswire Staff Comments Off on In cloud stock tumult, investors give valuations a reality check
In cloud stock tumult, investors give valuations a reality check
Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. The deep selloff, sparked last week after business analytics company Tableau Software Inc (DATA.N) gave a dismal sales outlook, has put a dent in earnings multiples of several marquee business technology names.
9 February, 2016 by The TZ Newswire Staff Comments Off on HSBC money laundering report’s release likely delayed: U.S. judge
HSBC money laundering report’s release likely delayed: U.S. judge
A U.S. judge said Tuesday that he would likely delay the release of a report detailing how well HSBC Holdings Plc (HSBA.L) has complied with anti-money laundering requirements until a federal appeals court could weigh in. U.S. District Judge John Gleeson in Brooklyn, New York, did not rule on whether he would put on hold his order requiring the unsealing of a report by a federal monitor appointed as part of a $1.9 billion pact with the U.S. Justice Department in 2012.